Gaming is not something that only do for fun anymore, it’s something that you do to pay your bills, rent, or even raise a family through the income that you make from gaming. Today, in our article we are going to talk about The Gaming Millionaire, Faker.
You might ask yourself who Faker is, how much he makes, what’s his net worth, why is he earning so much money, and more! We have all these questions answered for you in one place. So let’s dive in!
Also Read: Why Players Buy LoL Elo Boosting?
Who is T1 Faker?
Faker, real name Lee Sang-hyeok, is a South Korean professional League of Legends player who currently competes as a Midlaner for T1. He is widely regarded as the greatest League of Legends player of all time and has won three World Championships, two Mid-Season Invitationals, and 10 LCK titles.
Faker is a League of Legends legend. He is widely regarded as the greatest player of all time and one of the most successful players in the game's history. He is a source of inspiration for players all over the world, and his impact will be felt for many years to come.
How Much Does Faker Make?
Faker does not have a single source of income, as a League of Legends superstar, you get to make money in different ways such as:
Sponsorships and Brand Deals
Combining all these together, it is reported that Faker’s net worth happens to be around $11 million USD.
As Faker is busy with his competitive career, he doesn’t streamer often. Faker last streamed on Twitch on March 23, 2022 - However, Faker happens to be a partner with Twitch, and he makes money from sources such as subscribers, advertisements, and even donations.
Given his impressive number of viewers, it is highly probable that Faker is eligible for the 70/30 subscription split. Consequently, he retains $3.50 for each tier 1 subscriber he possesses.
Faker has an average count of 650 subscribers on Twitch, meaning that he makes around $8.5k USD per month from Twitch alone.
Faker has a whopping 1.7 million subscribers on YouTube, he seems to be more active on his YouTube channel than his Twitch. With over 370 million views on his YouTube channel, we believe Faker makes around $20k USD from his YouTube views.
Sources indicate that Faker's annual salary with T1 amounts to an impressive $5.8 million USD (equivalent to 7.1 billion South Korean won). As a member of SK Telecom's T1, he earns a remarkable $483k USD per month, setting a new record for the highest salary in the esports industry.
Sponsorships and Brand Deals
Faker boasts sponsorships from several renowned companies, including SteelSeries, Secret Lab, Red Bull, and Razer. However, it is unclear how much Faker makes out of these sponsorships but rest assured that these sponsorships significantly contribute to his overall income and elevate his status as a prominent figure in the gaming world.
According to Esports Earnings, Faker has earned a total of $1,470,490.14 From 62 Tournaments. Over the course of ten years, spanning from 2013 to 2023, Faker's incredible gaming skills and dedication have earned him that fortune. His exceptional performances and consistent success have solidified his position as one of the highest-earning esports athletes in history.
Why Does Faker Earn This Much Money?
Overall, Faker earns a lot of money as one of the world's most successful and popular League of Legends players. He acts as a brand ambassador for several major corporations. Faker's earnings will rise in combination with the esports industry.
Some may argue that Faker earns way too much money. However, keep in mind that he is a world-class athlete who has dedicated his life to the game. He is also a valuable member of his team, and his earnings contribute to T1's ability to compete at the highest level.